The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on February 25, 2026 for Himanshu Kanakia ....
CINELINE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.9 pts less than Nifty Microcap 250 and 3.5 pts less than its Film Production Distribution & Exhibition peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Cineline India Limited's promoters have created a new pledge on 28,00,000 equity shares (8.17% of total share capital) held by Himanshu Kanakia as trustee of Hiral Kanakia Trust. The pledge was created on February 24, 2026, in favour of Vistra ITC (India) Limited, a non-banking lending entity, for the personal use of the promoter. Of the trust's total holding of 30,68,800 shares (8.96%), 28,00,000 shares (about 91% of the trust's holding) are now encumbered. The value of pledged shares is approximately ₹23.11 crore against a loan amount of ₹18 crore, giving a security cover of 1.29 times. Rasesh Kanakia (trustee of Rupal Kanakia Trust) has also filed a similar disclosure regarding 28,00,000 shares of that trust.
This is a fresh pledge of a large portion of the promoter trust's holdings, signalling the promoter is raising personal funds against shares. While the encumbrance is well-covered (1.29x) and for personal use, retail investors should monitor any increase in pledged shares or future invocation, as high pledging can be a risk signal.